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Author Question: The production possibilities curve demonstrate which of the following concepts? A) scarcity B) ... (Read 89 times)

mynx

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on: Jun 29, 2018
The production possibilities curve demonstrate which of the following concepts?
 
  A) scarcity
  B) choice
  C) trade-offs
  D) all of the above

Question 2

Refer to the above figures. A negative externality existed but has been corrected. Price and quantity will be
 
  A) P1 and Q1.
  B) P2 and Q2.
  C) P3 and Q3.
  D) P4 and Q4.


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b614102004

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


mynx

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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